ETRADE Capital Management LLC Has $241,000 Position in Marriott International (MAR)
ETRADE Capital Management LLC reduced its position in shares of Marriott International (NASDAQ:MAR) by 31.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,399 shares of the company’s stock after selling 1,122 shares during the period. ETRADE Capital Management LLC’s holdings in Marriott International were worth $241,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new position in Marriott International in the first quarter valued at about $115,000. Baker Ellis Asset Management LLC bought a new stake in Marriott International during the second quarter worth about $133,000. North Star Investment Management Corp. increased its holdings in shares of Marriott International by 3.3% during the second quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock worth $159,000 after buying an additional 50 shares in the last quarter. Regal Wealth Group Inc. increased its holdings in shares of Marriott International by 0.3% during the second quarter. Regal Wealth Group Inc. now owns 1,637 shares of the company’s stock worth $164,000 after buying an additional 5 shares in the last quarter. Finally, Alexandria Capital LLC increased its holdings in shares of Marriott International by 0.7% during the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock worth $165,000 after buying an additional 12 shares in the last quarter. 65.88% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Anthony Capuano sold 13,736 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $107.78, for a total transaction of $1,480,466.08. Following the completion of the transaction, the executive vice president now directly owns 42,669 shares in the company, valued at $4,598,864.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward A. Ryan sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $108.00, for a total value of $648,000.00. Following the transaction, the executive vice president now owns 74,406 shares of the company’s stock, valued at $8,035,848. The disclosure for this sale can be found here. Insiders have sold 110,727 shares of company stock valued at $11,339,600 in the last ninety days. Insiders own 11.32% of the company’s stock.
A number of research firms have recently issued reports on MAR. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and issued a $103.00 target price on shares of Marriott International in a report on Sunday, September 17th. Wolfe Research upgraded Marriott International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. Berenberg Bank restated a “buy” rating and set a $125.00 price target on shares of Marriott International in a research report on Friday, August 18th. Finally, UBS AG reaffirmed a “neutral” rating and set a $101.00 price target (up from $98.00) on shares of Marriott International in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.81.
Marriott International (NASDAQ MAR) opened at 110.26 on Monday. Marriott International has a 1-year low of $65.91 and a 1-year high of $111.32. The firm has a market cap of $41.06 billion, a P/E ratio of 36.19 and a beta of 1.36. The stock has a 50 day moving average price of $102.54 and a 200-day moving average price of $99.47.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 7th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. Marriott International had a net margin of 5.27% and a return on equity of 26.26%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 48.5% compared to the same quarter last year. Equities research analysts forecast that Marriott International will post $4.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 24th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Tuesday, August 22nd. Marriott International’s payout ratio is currently 45.52%.
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About Marriott International
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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